The Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange (FX) backlog which was pending when Yemi Cardoso took over as the Governor of the apex bank. This development... Read more »

Parallel market operators are quoting a buy price of N1400/$1 for holders of dollars looking to sell marking a significant strengthening on the naira. Checks by Nairametrics indicate the exchange rate has... Read more »

The Securities and Exchange Commission (SEC) has rejected the request by the majority shareholder of PZ Cussons Nigeria Plc to acquire the stocks of the firm held by other shareholders at N23... Read more »

In these days of artificial intelligence, AI, where consumers are faced with information overload on many products and services which may turn out to be false or less than what is promised, the... Read more »

The Central Bank of Nigeria, CBN, said the 11 Electricity Distribution Companies, DISCOs, obtained a credit facility totalling N273.34 billion to purchase 414,000 meters for distribution. In its report obtained by Vanguard,... Read more »

Tinubu’s govt orders 10,000 tractors as Germany’s Deutsch Bank pours €995m into agric hubs in 774 LGs The Federal Government has signed an agreement with the Brazilian Government and German Deutsch Bank... Read more »

Nigerian Breweries Plc have announced another increase in the price of its products after the earlier increase in February. The new price review will take effect from the 15th of March 2024. The... Read more »

International business research firm, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the liquidity to support the naira as of now. It stated this in its... Read more »

Flutterwave, Africa’s biggest startup, is shutting down Barter, a virtual card service it launched in 2017, as it focuses on its enterprise and remittance business segments. The fintech told customers to withdraw... Read more »